The first official bill (I believe that “Accounts Receivable Statement” is the genteel term) of AJ’s Tulane career arrived. Everything seemed to be in order – tuition, dorm, meal plan, those interesting fees all colleges seem to have. Even better, the scholarship that allows this amazing adventure was conveniently subtracted from the aforementioned costs. I also noted that two of the scheduled periodic payments to cover what the scholarship doesn’t were applied to the balance.
So, all is well in the land of Accounts Receivable, yes? No. I noticed the remaining balance and then the due date. A due date that is a few weeks prior to the next periodic payment. We were going to be short by, amazingly enough, the amount of one of those periodic payments. Finance charges will be applied if the balance is not paid by this date yadda yadda yadda…
Since the university suggested making periodic payments and I assume they talk with the company that handles the details for them (I know, I remain an optimist, experience to the contrary) you’d think the due date and the periodic payment dates would line up. Apparently not.
I’ll be calling Tulane on Monday and hope to get a better understanding of how all this is supposed to work.